The CRB Commodity Yearbook 2008, with CD-ROM (Crb Commodity Yearbook)

The CRB Commodity Yearbook 2008, with CD-ROM (Crb Commodity Yearbook)
by Commodity Research Bureau

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Book Summary Information

Author: Commodity Research Bureau
Edition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2008-06-10
ISBN: 0470230215
Number of pages: 384
Publisher: Wiley

Book Reviews of The CRB Commodity Yearbook 2008, with CD-ROM (Crb Commodity Yearbook)

Book Review: Expected higher quality
Summary: 3 Stars

On the positive side, this book covers a broad range of commodities, including lesser-known ones. Each article captures the essentials in brief introductions followed by historical charts and tables of price, supply, open interest, etc. Like Wikipedia, the book is fun to browse.

That said, the book did not reach my expectations for a commodities "bible." Especially given the price. One could argue that the articles lack depth. Moreover, after a brief inspection, I found mistakes and omissions that caused me to doubt the book's overall quality. I plan to keep the book, but it would benefit from higher quality standards or a much lower price.

Errors
* Platinum, p. 205. The first paragraph erroneously states that platinum weighs "almost twice as much as gold." First, I believe they mean "density", not "weight." Second, platinum is about 11% more dense than gold.
* Silver, p. 234. "The world's largest silver producers are...Australia (10%), Chili, (7%)...". Misplaced comma and, um, is "Chili" a giant pepper?

Omissions
* The book's tables, its bread and butter, have two foibles:
1 - Missing information. (Some data for recent and past years is omitted or left blank. Yes, these numbers may be difficult to obtain, but I expect a would-be bible to try harder by providing estimates or guidance.)
2 - Inconsistent units. For example, the Gold article lists World Mine Production in kilograms. The same article lists Central Gold Bank Reserves in Troy ounces. Why not stick with a single system of measurement, so that readers can reason without a calculator?
* The "quick search" feature of the CD ROM does not work on a Mac. This shortcoming is omitted from the CD ROM seal, after breaking which the book cannot be returned.

Finally, the Platinum article is redundant in a manner that suggests insufficient editing or cut-and-paste writing. The first paragraph of the article leads with "Platinum is a relatively rare, chemically inert, metallic element...". The second paragraph then opens with "Platinum is one of the world's rarest metals...". Deja vu? Slightly contradictory? Does not quantify relative rarity? Perhaps I am too critical in this instance, but overall I believe that a thoughtful edit, plus deeper analysis, would make for a higher quality yearbook.

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All The CRB Commodity Yearbook 2008, with CD-ROM (Crb Commodity Yearbook) Customer Reviews

Summary of The CRB Commodity Yearbook 2008, with CD-ROM (Crb Commodity Yearbook)

The essential commodity reference for analysts, traders, and portfolio managers

Dubbed the "bible" by market analysts and traders since 1939, The CRB Commodity Yearbook provides indispensable information on over 100 domestic and international commodities, from aluminum to zinc. It includes seasonal patterns and historical data from the past 10 years, pricing and trading patterns on a monthly and annual basis, plus more than 1,000 charts, tables, and graphs covering crucial data on production/consumption, supply and demand patterns, and trading highlights. A companion CD-ROM is also included to provide readers with valuable commodity information in an easy-to-use electronic format.

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